Tilt sensor market [121 Pages
Report] is expected to grow from USD 162.5 million in 2017 to USD 260.3
million by 2023, at a CAGR of 8.17% from 2017 to 2023. The growth of
this market can be attributed to the ability of these sensors to provide
information on the tilting position of objects, which is crucial in
various applications for making decisions related to operations as well
as for ensuring safety. These sensors are being used in many verticals
such as mining, construction, aerospace, defense, automotive,
transportation, and telecommunication. The base year used for this study
is 2016, and the forecast period considered is between 2017 and 2023.
Tilt sensors with nonmetal housing material type held the largest share of the market in 2016
The tilt sensor market, based on housing material
type, is led by the nonmetal housing material type. The high demand for
tilt sensors with plastic housing material is one of the major factors
that has led to its dominant position in the said market. Apart from
plastic, ceramic and nylon are some of the other common nonmetallic
materials used by the companies for housing tilt sensors.
Tilt sensor market for automotive and transportation vertical likely to grow at the highest rate during the forecast period
On the basis of vertical, the tilt sensor market for
automotive and transportation vertical is expected to witness the
highest growth rate during the forecast period. Wheel alignment systems
and automobile security systems are two of the major application areas
of tilt sensors in the automotive vertical.
Asia Pacific held the largest size of the tilt sensor market in 2016
Asia Pacific (APAC) held the largest size of the tilt
sensor market in 2016, followed by North America and Europe. Japan
accounted for the largest share of the tilt sensor market in APAC,
followed by China. The leading position of the market in this region can
be attributed to the high demand for these sensors due to the presence
of a large number of end users such as mining and construction,
aerospace and defense, and automotive and transportation companies.
The major players operating in this market include TE
Connectivity Ltd. (Switzerland), SICK AG (Germany), Murata
Manufacturing Co., Ltd. (Japan), Pepperl+Fuchs Vertrieb GmbH & Co.
KG (Germany), Level Developments Ltd. (UK), ifm electronic gmbh
(Germany), Balluff GmbH (Germany), Jewell Instruments LLC (US), DIS
Sensors bv (Netherlands) and The Fredericks Company (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research
on 30,000 high growth niche opportunities/threats which will impact 70%
to 80% of worldwide companies’ revenues. Currently servicing 5000
customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify
most important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research
ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence
and market research platform, "RT" connects over 200,000 markets and
entire value chains for deeper understanding of the unmet insights along
with market sizing and forecasts of niche markets.
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
No comments:
Post a Comment